NS Corporation is expected to increase dividends at 10 percent rate each year over the next...

NS Corporation is expected to increase dividends at 10 percent rate each year over the next three years. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividend forever. If the required return on the stock is 11 percent, what is the current share price given the company’s most recent dividend was $2?

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jeff jeffy answered 2 years ago

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